Greece confident of deal to get next bailout funds

Associated Press
German Foreign Minister Guido Westerwelle, attends a press conference after a meeting with his Greek counterpart Evangelos Venizelos in Athens, on Wednesday, July 3, 2013. Westerwelle expressed concern at the ongoing crisis in Egypt and urged Greeks to stick with austerity measures aimed at overhauling the country's economy. (AP Photo/Petros Giannakouris)
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ATHENS, Greece (AP) — Greece's deputy prime minister says he's confident the country will complete tough new negotiations with rescue creditors and avoid a delay in upcoming loan payouts worth 8.1 billion euros ($10.6 billion).

Evangelos Venizelos made the remarks late Wednesday after talks with German Foreign Minister Guido Westerwelle. Talks continued in Athens between the government and representatives of the "troika" of the European Union, European central Bank and the International Monetary Fund.

The troika is seeking faster implementation of Greek commitments to reduce the size of its bloated public sector and deal with mounting public health care debts.

Westerwelle insisted that austerity reforms were improving Greece's public finances and would eventually lead to a "rebirth" of the country's economy.

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